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bolling with kimberly guilfoyle, bob beckel, dana perino, greg gutfeld. it's 5:00 in new york city. this is "the five." ♪ ♪ >> eric: thanks for joining us for our first show of 2013. my goal this year -- stop it, greg -- is have more fun than any other show on cable news. plen of that for you today. in illinois strip clubs now charge $3 a head and the money goes to charity. true story. hollywood celebs put out a psa on gun control. beckel says diet and for size will kill you. we'll explain that one the clowns in d.c. held us hostage for three months over the fiscal cliff. the u.s. house and senate agreed on a plan. after the wrappingalling, horse trading and bab stabbing, what did they come up with? this graph on the left shows the revenue increases. $62 billion. on the right is how much we add to deficit ever year. i call this a fiscal farce. taxes going up. mandatory sequestration wasn't mandatory after all. we've been told another bottle of d.c. snake oil. in the end, president obama got his way, a deal and moments later he boarded air force one and jetted off to hawaii to e
, as dana has been reporting, are going to be unhappy with elements of this deal, and will have many questions for him that he's going to have to explain to them. he's been a 35-year veteran of the senate, so he knows how to talk them off the cliff, quite literally, in this case, and get them onboard to get this over the finish line. he did it during the debt talks. he helped negotiate this deal with senate minority leader mitch mcconnell, but senato harry reid was very involved in all this, and the hold up for the last six some hours this evening, the republican leader, senate minority leader, mitch mcconnell, and the white house had fundamentally come to an agreement on principle, and there was this stall in the talks for the last hours tonight. it was because democratic leader harry reid was refusing to give in on some points that were very important to the democrats. and so he's won some concessions, and that should help make the vice president's sell even easier tonight. you know, there are some people saying, look, don't say we have a deal until you know, everyone signs on insi
edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the white house and capitol hill as the clock ticks down toward 2013. there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans ba
. that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means for real people and real terms, would be that social security recipients would see smaller checks on a monthly basis and that's why democrats are saying that this is a nonstarter. the president did propose this to the house speakers as part of a larger deal. he even talked about it again this morning on nbc, the president. but democrats are saying that they simply do not see this in this miner, smaller mini deal. they don't want to deal with the entitlement issue at all until a later date when they can deal with it in a broad sense. here's an example of what we heard a half hour ago from the republican
't think it was over, did you? correspondent dana bash is on capitol hill. she works late shs she works early. she hasn't stopped. this has been a frustrating several weeks for people. it seemed there was some good will. especially with the vote. that's the senate. how different might things be when it comes to the house or do we even have an idea? >> reporter: e we don't have an idea yet. just the fact that the leadership is not definitively saying there will be a vote today. they are saying there won't be decisions after house republicans have a meeting at 1:00. so in about two hours. it really is unclear. but you're right. the hope going into the senate vote was if there was a big enough majority that it would give momentum to this to make it hard for house republicans to vote against. look at where republicans in the senate voted. 40 voted yes. that's a high percentage of just republicans. and we heard from republican senators coming out saying some of the most conservative saying you're not going to get everything you want. saying come on, colleagues in the house, let's vote. one o
yellin and dana bash working their sources to stay ahead. dana, when do we expect a vote to take place, within this hour? >> we do now. it's been moved up a little bit according to the republicans who run the show here. they say they do expect it probably within the next half hour to 45 minutes. perhaps it means that members are as tired as everybody else is, that they want to fin, the debate and go back. but one thing that i just mentioned before and i think it's worth saying again and that is the procedural vote that took place to get to us this point was very, very big, a big bipartisan vote, 408 members voted for it and that means almost all of the democrats voted for it. it is significant in that this is the kind of procedural vote that is almost always pretty partisan and it really does signal as you're hearing from the democratic leader, nancy pelosi on the floor, that it is going to be a bipartisan vote. >> what accounts for that? earlier in the day there was all sorts of dissension, eric cantor among others, saying they weren't going to go for it. >> he may at the end of the d
'm going to ask dana to explain to us what an up or down vote means. today, the number two republican in the house, majority leader eric cantor flatly told reporters i do not support this bill. >> -- looking for the best path forward. >> here's part of the problem for at least some lawmakers. the congressional budget office, a nonpartisan group, said today the senate-backed legislation will add nearly $4 trillion to federal deficits over a decade, but keep in mind that is relative to where deficits would have been if congress had let all the bush tax cuts expire, which was an option that virtually no one wanted. so is there life left in the senate's proposal or have we fallen off the cliff for good or at least for a few days? joining me now is our senior congressional correspondent, dana bash. dana, i just got a tweet from someone that says can't dana bash kick these idiots in the butt and get it done? >> reporter: that would be an interesting youtube moment, wouldn't it? look, here's what's going on. some of that kicking might be going on as we speak by others who have clear seniorit
in dana bash on capitol hill. when you think about it, both sides are not happy with what's taking place, at least what they're talking about. i know you have some new information on at least what the republicans are suggesting when it comes to those massive spending cuts, some kind of delay in the process. how would that work? >> reporter: well, this is according to democratic sources. i want to be clear. congressional democratic sources saying that republicans specifically mitch mcconnell who is the lead negotiator, what he is proposing is to delay that sequester, the spending cuts for three months, so 90 days. what democrats here on capitol hill want to do is delay it for at least a year. so there is a very interesting dynamic shaping up right now. this probably is a good illustration of that. you you mentioned right at the top that the negotiations are going on now between primarily senate republican leader and the vice president, not the democratic leader. so they're certainly in the loop i'm told in a very constant way, the democrats here on capitol hill. but the fact that they let
velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could be a path forward. the one thing that is a, you know, democrats come out and made a big deal out of chained cpi, republicans are very concerned that if that not be used as an offset to reduce or to replace some of the spending cuts that you would occur in the sequester
republican opposition. our senior congressional correspondent dana bash is beginninging our coverage this hour. dana, what's the very latest as far as republicans in the house, the majority are concerned? >> reporter: the very latest, wolf, is that down this hallway is the house speaker's office. in that house right now are minutes of the house republican leadership having a discussion, what are they going to do? are they going to have a vote tonight and more importantly, are they going to try to put this senate-passed bill on the house floor with an amendment. it was very clear in talking to many, many house republicans coming out of a meeting they had earlier this afternoon that there was a big desire to have an amendment with some spending cuts. in fact, i spoke with one of those republicans, steve la tour receipt. >> the speaker, to his credit, says we are famous for putting poison pills in pieces of legislation and they can say, that's a poison pill. he's asked that we be responsible and whatever the spending cuts are, that they either be something that the president himself has
to dana bash, monitoring developments on capitol hill and dana, while the talks are at a standstill, i can see these trying to talk us to, not sure how this will go. let's try any watch the vn now primarily a part of the negotiations, how did that happen and i can see -- dana, can you hear me all right? >> reporter: yes, i can. sorry about that >> so i was just saying, the vice president now has been called in as part of these negotiations is that inspiration or desperation at this point? >> reporter: um, i would think it's an inspiration but we will have to see. you know, what's going on here appears to be that senator reid, the democratic leader is playing bad cop and joe biden is playing good cop. he certainly has a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot
with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but will not agree to cut social security. with 36 hours left until th
if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democratic support on $250,000. harkin said he's not happy with the idea that democrats are talking about keeping the estate tax cut in place, which also e
to be cut from government programs. senior congressional correspondent dana bash is on capitol hill and, dana, does it even look like the house will vote today? because that's kind of crucial. >> it is a big open question, deb. i can tell you the reason why i'm standing in front of a -- maybe not so pretty white wall is because i'm down the hall from where republicans are meeting as we speak. house republicans. and you can hear at different times some clapping and different times other -- maybe not so happy noises coming from inside the meeting, but they are discussing the way forward. and what we're hearing from sources, again, this meeting is going on what we're hearing from sources about what is happening behind the doors is that there are a lot of members concerned that they want spending cuts to go along with this deal. they don't want to just pass mostly -- mostly tax cuts but tax increases. that is a big part of what i'm hearing is going on. the other thing we're told is that the house speaker is simply not taking a position whether he is for or against this. he's being very caut
should try checking in with dana bash. she will have the first word on that. >> let's go to dana bash right now. first of all, the reaction to the president's remarks. we heard some biting criticism that the president was inappropriate in saying what he said at this sensitive moment. >> reporter: that's right. i'll get to that in one second. to answer your question, we don't know yet about the senate, but we do have a little bit of news that jessica alluded to, and that is the house will break tonight. we reported earlier this is likely. now it's official. the house will break tonight, new year's eve, december 31st, the night of the fiscal cliff, without voting on the fiscal cliff package. they're going to likely come in, if there's something to vote on tomorrow, and vote on it then. this is a procedural reason because they just don't have anything to vote on. it's also politically advantageous because house republicans and democrats are now going to be able to vote on effectively a tax cut, not a tax increase, because taxes go up january 1st. i think the best way to answer is by tell
to $450,000. as for spending, it basically punts. so now the question is can it actually pass? dana bash is joining us, jessica yellin. they've been working their sources as they try to stay ahead of this fast moving story. dana, what are you hearing? >> we have news. that's that the house republicans have decided just to take up the clean senate bill. they're not going to amend it. they're going to take up the bill that passed with a huge majority in the early morning this morning in the senate. all day long, as you just said, back and forth about whether or not they can do that, whether or not to put an amendment on that has spending cuts, which is what many house republicans have been demanding, but the decision after a lot of discussion by the house leadership has led to where they are now, which is in about an hour, hour and a half, we are going to see a final vote on the senate bill, which means this will be over and the fiscal cliff package to avert the fiscal cliff technically, will be donep. >> at least this portion of it. still a lot of spending cuts to get to a couple of month
. senior congressional correspondent dana bash joins us now from capitol hill. jessica yellen on the north lawn tonight. dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by a senior democratic source here in the senate that the expectation is if they can't figure out a path forward over the next three days in this meeting tomorrow, a way to actually pass something to avert the fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes t
the most carefully laid plans. let's bring in dana milbank and msnbc contributor jonathan capehart also of the "washington post" to help me sort out how does a man get it done in the second term? dana, you know, they say that the second term a president really has about 18 months to get anything done and after that you're pretty much a lame duck. now, of all the things i just listed, what do you think he should and what do you think he will try to tackle first? >> well, karen, first of all, i don't think he needs to surrender to the idea that he only has that 18-month period. it's not without precedent to achieve things later in the term. so, first of all, it's not necessarily such a narrow window. the other thing is assuming we have to do something with the fiscal cliff here, but even once that's done and presume lbl awhat we're looking at now is more of a smaller short-term fix, that doesn't mean he's going to take his eye off the economy. he learned the lesson of this early in his first term when he said, okay, we took care of that, we did the stimulus, let's move on to health care.
congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing to do and give them the courage to do it. be their shelter in the midst of the storm, regardless of how high the waters rise. when they feel exhausted, remind them of the great sufficiency of your grace. look with favor on our nation and save us from self-
correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not voting tonight when everybody expected this would be the last, the last threshold tonight is not so good. no
and losers for 2013. >> good question. great to have you both on the show. dana, retailers saw the weakest holiday sales since 2008. a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first half of the year, the demand for products from michael kors do well. second half of the year is a different story and perhaps the turnaround of tiffany's to be the name for the second half. >> meantime, r.j., i think you would agree retail remembers scrambling right now because consumer confidence is plunging. three repo
hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be working as long as they are working. hopefully they're going to get something done. we heard from house speaker john boehner earlier today. where is this? clearly it looks like now it's in the senate's hands. >> that's right. it is absolutely in the senate's handings, has been effectively since the house speaker failed to pass his so-called plan b proposal last week. and so what is going on behind the scenes right now, suzanne, is the senate democratic leader is trying to figure out if he can cobable together enough votes, which would mean he would have to have probably significant crossover to get some votes to at least pass the bear bare minimum to ahouseholds with incomes of less than $200,000. >> the speaker has just a few days left to change his mind but i have to be very honest, mr. president. i don't know time-wise how it can happen now. >> so there's a time issue because we're only five days away, but most importantly ther
in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on to come up with something. >> reporter: that is right, candy. this is the kind of stuff that we watch and people who watch c-span watch but people who are really tuning in to find out what matters to them, which is are their taxes going to go up in five days got a pretty good idea of why they are so deadlocked. blue slip, which is a question of process, tax bills, can can they start in the house or the senate, and as you said, talking about the history of where things went wrong. but that's not what people want to know. people want to know what's going to happen going forward and they really got their answer, which is, it is tied up in knots. what has been talked about behind the scenes -- and the president act
is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly whathe house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows is not perfect but is important when it comes to compromise and keeping tax cuts in place for 98% of americans. the other point is that paul ryan, the former vice presidential candidate and somebody who there is a lot of buzz about for 2016, he also voted yes, which is maybe a little bit surprising because other republicans
been negotiating with. dana bash is doing some digging, so does david gergen and the rest of our political insiders. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive risk alert, protecting you before you become a victim. >> identity theft was a huge,
. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white house believes is already, pretty clearly, the framework for a final deal, and he can also go out and lobby the american people to pressure congress to get something done. again, the democrats are insistent that they have been clear on the outlines of what a deal would look like, to raise ta
? let's go to dana bash. dana, what do you think? is it promising? can they go it now? >> reporter: well, let's start there. it certainly has happened before between these two men, and it's happened before when democrats on capitol hill are either split or have gotten, frankly, just too frustrated with the republican counterparts to have conversations to be able to find bipartisan agreement. these are the two men who negotiated an extension of the bush era tax cuts for two years. that happened two years ago when republicans had a lot of political capital because they just won the house in a big way. whether or not these two men are actually going to be the ones to strike a deal, we're not sure, but we are told, our ted barrett and jessica yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of wha
service learning. congratulations. dana, or laura, if you would like to come up and say a little something. >> hi. i am the international program manager at world savvy. i was introduced to this organization because my roommate several years ago pulled me out of bed on a saturday at 7:00 a.m. and when i got there i was amazed at what i found. it was excitement on young people's face as they talked about food security and nutrition internationally. they were high schoolers and it was the world affairs challenge, which is now called the world savvy challenge. the program that we are represent right now is our international programs, our newest program as stated is a fully funded program for youth
they are will are have to vote on. a lot of digging tonight for dcc's dana bash. >> how likely are we to see a vote and time to avoid going over the cliff? >> it is in part the reason why housep republicans didn't make a decision to bring the house back. at this point what they are trying to figure out is whether or not they can find enough republican ares to cross party lines for what the president proposed before he went to who why. focusing on what he campaigned on. it is a big ask to get ten sep at republicans to ask them to cross over. >> so what more do we know then. it is still being crafted and that is the dance that is being down. what do democrats have to put into this. is there anything that they can do? voting for the president's plan would ace taxes. perhaps democrats think if they can add the extension of the state tax cut. that is part of the negotiation that is going to go on between the scenes. >> the reason is because they know the reality is, and we have seen it time and time again. congress acts when they are up against the deadline. we are close to it. but it won't be until the
dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainly we will see some becoming more promoti
following this, every single move. dana bash on capitol hill, jessica yellin at the white house, christine romans live from new york and alison kosik in new york, hearing from folks in a diner. dana, you were up really late into the night, early into the morning here, there is more business to be done and we know at this hour involves the vice president. he's going to be meeting with democrats, house democrats. what do we expect will come interest that meeting? when do we think we'll get something from the house side? >> reporter: well, first of all, right, in 15 minutes the vice president is going to be here on capitol hill to meet with his fellow democrats, in or to sell the deal that he cut. he's going to try to convince particularly the more liberal members of the caucus, that they should vote for this. and that is a concern because talking to senior democratic lawmaker who knows kind of the atmospheric inside, they could lose 30 members of the liberal caucus. that's an important meeting. even more important meeting going to happen 45 minutes later, an hour from now, house republicans
is telling us no, that is not the case. i got jessica yellen standing by and we have dana barb who is standing by and they are there on capitol hill. what is the mix up between sending a plan and not sending a plan by the president? >> hi, john. the bottom line is both sides want to take action and before senat senator mcconnell decides whether to filibuster the measure and whether the other republicans in the party will filibuster, they have to see the details in the proposal. will there be an estate tax provision? how will unemployment which is expected to be extended? will it be paid for? what spending measures will be in this and spending cuts, etc. there will be more details spelled out and where will that come from? will it come from a phone call and staff here at the white house and spelled out by the staff of the senate majority leader harry reid. all that was is yet to be determined. perhaps senator connell's office believes it will come from different sources and there is a lot of potential for confusion with such little time left and so much pressure on the line. dana mi
around out there. dana bash talking to her sources on capitol hill, she says there's kind of a push for us to go over the fiscal cliff and then taxes will rise, right, but then congress will reconvene on january 3rd and vote to cut taxes. is that appliable solution in your mind? >> it kind of it, pretty much what i feel will happen. they have a little bit of wiggle room. the majority of this is not going to be felt until 2014 for the majority of the income tax rise so that causes congress to force them to make a deal knowing that we actually are operating under a higher tax rate right now, even though americans won't feel it, so it's almost like an additional leverage for those who actually want to make a deal and get something done. i just want somebody, like starbucks, we all need to come together. >> and quit kicking the can down the road, darn it. >> exactly. >> ryan thank you for being with us this morning. >> thank you. >> ryan has been with us all week tackling the fiscal effects on your pocketbook. tomorrow, what the fiscal cliff means for your retirement. >>> from the stran
on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is going to happen? >> reporter: well, we're not really sure. in fact, house republican leaders are having a conference call, i'm told, as we speak, to figure out that very question. they told their members that they would have 48 hours notice before they reconvene the house and so at the earliest, that would be on friday. but, you know, the action really is now going to begin in the senate. there isn't that much of a rush for the house to come back. and when i say action, even that is a question mark. whether there will be action. i was talking to a democratic source who said right now what they had to figure out, victor, is whether or not harry reid working with the white house on this can get enough votes from republicans to cross party lines for eve
, the automatic sequester, which are set to take effect tomorrow. joining me now, dana bash. tell us what happened and what some of the more interesting votes have been. >> reporter: just moments ago we got the final vote. it was 257 yes and 167 no. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly what the house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows is not perfect but is important when it comes to compromise and keeping tax cuts in place for 98% of americans. the other point is that paul ryan, the former vice presidential candidate and somebody who there is a lot of buzz about for 2016, he also voted yes, which is maybe a little bit surprising because other rep
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